EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
Trade deficit falls by 47.7 pct in May
Employment balance positive by 37,568 in June, reflecting uptick in seasonal hires
Overdue social security contributions rise to 36.32 bln in Q1
General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
Overall loan interest rate drops to 4.23 pct in May
General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
Greece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed on Friday evening.
The fiscal performance largely reflects an improvement in the surpluses of the extrabudgetary funds’ and social security funds (SSCs) by 2.65 and 1.11 billion respectively. This outweighed a deterioration in the state budget balance by 2.6 billion. In a...
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